Question

How much will rs10,000 amount in 2 years at c.i. compound annually the rates of interst for successive years being 9% and 10%.

Answer 1

Answer:

Here is your help mate

hope you like my answer

Step-by-step explanation:

First find the S.I.of first year,So S.I. = P×R×T/100

= 10000×9×1/100 = 900 rs..

Now, find the S.I. of the second year

Note that the principle of the second year will be 10000+900 = 10900

So, S.I. = P×R×T/100 = 10900×10×1/100 = 1090 rs..

Add both the S.I. = 900+1090 = 1990rs..

Now, the final step is to find the amount

So, amount = S.I.+Principle

= 10900 + 1990 = Rs. 12,890 ANS ...!✌